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Ashburn Company issued 1 5 - year bonds two years ago at a coupon rate of 9 . 9 percent. The bonds make semiannual payments.
Ashburn Company issued year bonds two years ago at a coupon rate of percent. The bonds make semiannual payments. If these bonds currently sell for percent of par value, what is the YTM
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Yield to maturity
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